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How to interpret the coming US CPI numbers for August
If analysts' forecasts are correct, August inflation data due Wednesday will be a "something-for-everybody" messaging mess. Driving the news: The Consumer Price Index data, scheduled for release at 8:30am ET, is expected to show that headline inflation over the previous 12 months increased in August, to 3.6% from 3.2% in the 12 months ended in July. • Given the tendency of media organizations to emphasize those 12-month numbers, that implies some unwelcome headlines for the Biden administration. But according to analysts surveyed by Bloomberg, the anticipated details look better. • Core inflation, excluding ... (full story)